L&T Finance Ltd., the wholly owned subsidiary of L&T Finance Holdings Ltd., is raising $550 million through external commercial borrowing (ECB) from the International Finance Corporation (IFC), a part of the World Bank Group, BNP Paribas, Citibank, and DBS Bank Limited. The funds will be utilised by L&T Finance to expand its farm equipment finance book by extending loans to farmers for buying equipment and modernising farming.